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Oct 29, 2012
10/12
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charlie: did you have the technology to run arba and run a market that would be orderly? >> certainly. i think we have talked about this before. this contingency plan did not exist, it has been broadly communicated sent out ten. the street tested with us recently. i think what happened is, you know, this suddenly became a reality not a hypothetical this weekend. i am confident we can handle it. do i think running things all electronic all the time, no, in emergency situations, you do not always get the luxury of having all your options available. charlie: are you worried about the facebook situation? >> no, not at all. charlie: the markets are likely to be closed tomorrow. but you have not made that decision yet. >> they are likely to be closed. listening to the experts, we are operating under the assumption that a closed tomorrow is likely, but it is not definitive. we will make that decision in the next couple of hours. charlie: and then open wednesday >> i think we will be leaning heavily towards finding a way to be open on wednesday. charlie: duncan, thank you for you
charlie: did you have the technology to run arba and run a market that would be orderly? >> certainly. i think we have talked about this before. this contingency plan did not exist, it has been broadly communicated sent out ten. the street tested with us recently. i think what happened is, you know, this suddenly became a reality not a hypothetical this weekend. i am confident we can handle it. do i think running things all electronic all the time, no, in emergency situations, you do not...
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Oct 30, 2012
10/12
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it wasn't like it was technology we in the industry were not familiar with. so i would have been pretty comfortable it would have worked. again what was impressed on us even if we're operating electronically the majority of firms in the metro new york area would have to staff up and send people's into harm's way and they didn't want to do that and we didn't want them to do on further review. >> duncan, thanks for joining us. get back to piano practice. >> thank you. we'll see you guys open tomorrow morning. we'll be in normal tomorrow. we have people there now and more coming in tomorrow so we should be in pretty good shape for tomorrow. melissa: thank you very much. >> bye. ashley: coming up, lots more on the costly destruction caused by sandy of the plus we got some economic data today, believe it or not. another sign that the housing market could be recovering. the case-shiller index showing a rise in home prices in most major cities but can the housing momentum continue? we'll he will have that and so much are coming up straight ahead ashley: good afterno
it wasn't like it was technology we in the industry were not familiar with. so i would have been pretty comfortable it would have worked. again what was impressed on us even if we're operating electronically the majority of firms in the metro new york area would have to staff up and send people's into harm's way and they didn't want to do that and we didn't want them to do on further review. >> duncan, thanks for joining us. get back to piano practice. >> thank you. we'll see you...
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229
Oct 29, 2012
10/12
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we have the technology. if this is going to be an electronic market, obviously, he likes it better to have the hybrid model that they have, why can't this thing happen. i think more about this story will come out. obviously, you know, if the brokerage put pressure on them, let's find out why. they are the ones that got rid of the floor originally. why don't you want your baby to work when it is raining out. ashley: charlie gasparino. nicole: thank you. in washington hurricane cindy has forced most of the -- richard, what have you learned lately? speaking you keep checking these power of states. the federal government is ready for this. >> we are confident that the assets -- keep in mind, for folks who are not following instructions, if you are not evacuating when you are asked to evacuate but you are putting first responders at danger. rich: at this point the federal government is waiting to hear what local governments have to say as the storm comes to short. as far as the campaigns are concerned, president
we have the technology. if this is going to be an electronic market, obviously, he likes it better to have the hybrid model that they have, why can't this thing happen. i think more about this story will come out. obviously, you know, if the brokerage put pressure on them, let's find out why. they are the ones that got rid of the floor originally. why don't you want your baby to work when it is raining out. ashley: charlie gasparino. nicole: thank you. in washington hurricane cindy has forced...
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Oct 31, 2012
10/12
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he said at one point they don't have the technology, it is their fault. they are telling me a slightly different version, actually 180 from that. they point out they thought there was a lot of confusion about the decision to close. they said all of a sudden on a monday we get this thing, we are open. closing the 4 but definitely open. a very clearly communicated message and it sent the street into a panic mode because they really had concerns not necessarily about sending their people which they did but we also point out these firms have remote locations. they were worried about the technology, whether it could handle the volume. they were concerned about a facebook situation. that is what prompted them to say don't do this. they were worried about the storm although the storm hit later monday night after the markets closed but archipelago and whether archipelago really was ready to handle what went down. we should also point out that they basically said the confusion extended even after the decision to close. apparently even after the nyse made the decis
he said at one point they don't have the technology, it is their fault. they are telling me a slightly different version, actually 180 from that. they point out they thought there was a lot of confusion about the decision to close. they said all of a sudden on a monday we get this thing, we are open. closing the 4 but definitely open. a very clearly communicated message and it sent the street into a panic mode because they really had concerns not necessarily about sending their people which...